Yes, an IPO application can be withdrawn. If the withdrawal is made during the bidding period then bid request will be deleted and the funds will be unblocked.
The duration to apply in an IPO is fixed by the company, generally, the company keeps it active for 3 days. There are 2 ways to apply. Offline: Via Broker: Walk into your broker → Procure IPO form → Fill all the details and submit the form. Via Bank: Visit BSE-IPO or NSE-IPO → Download the application → Fill all the details → Walk into your Banker HO and submit the form. Online: Via Net Banking → Login and Select, the IPO → Fill minimal details and click submit. Please Note* Post IPO submission, the application money will be blocked from your account until the allotment is announced, which is generally 7 trading days. If a stock is allotted to you then they will be credited to your Demat account OR if a stock is not allotted to you then the blocked money will be released. Below are the details you will need to fill in the form: Depository Participant: Tradejini Financial Services Pvt Ltd. Type of Depository: CDSL Demat Account number: This is your 16 digit Demat account number which you can find in Back Office login under “DP” section. Here 1st 8 digit refers to the DP ID and next 8 digit is your Client ID
The price band is a price range fixed by the company with the help of the lead manager, consisting of upper & lower price limits within which prospective buyers can place their bid to buy a share.
When a company issues its stock to the general public at large for the 1st time then it is called IPO. It is done in order to raise funds. Objective of IPO Company: In order to raise funds (can be used for various purposes) Investors: To be a part of the growth of the Company hereby creating wealth